From January to November 2025, industrial enterprises above a designated size achieved operating income of 125.34 trillion yuan.

In November, industrial enterprises with an annual turnover of more than 20 million yuan achieved operating income of 12.534 trillion yuan, an increase of 1.6% year-on-year; operating costs were 10.717 trillion yuan, an increase of 1.8%; the operating income profit rate was 5.29%, a decrease of 0.08 percentage points year-on-year. By the end of November, the total assets of industrial enterprises with an annual turnover of more than 20 million yuan were 18.928 trillion yuan, an increase of 4.8% year-on-year; total liabilities were 10.996 trillion yuan, an increase of 5.0%; total owner's equity was 7.932 trillion yuan, an increase of 4.5%; the asset-liability ratio was 58.1%, an increase of 0.1 percentage points year-on-year. By the end of November, industrial enterprises with an annual turnover of more than 20 million yuan had accounts receivable of 2.84 trillion yuan, an increase of 5.5% year-on-year; finished goods inventory of 0.692 trillion yuan, an increase of 4.6%. From January to November, the cost per 100 yuan of operating income for industrial enterprises with an annual turnover of more than 20 million yuan was 85.50 yuan, an increase of 0.18 yuan year-on-year; the expenses per 100 yuan of operating income were 8.39 yuan, a decrease of 0.06 yuan year-on-year. By the end of November, industrial enterprises with an annual turnover of more than 20 million yuan achieved operating income of 74.4 yuan per 100 yuan of assets, a decrease of 2.4 yuan year-on-year; per capita operating income was 1.865 million yuan, an increase of 57,000 yuan year-on-year; finished product inventory turnover days were 20.5 days, an increase of 0.6 days year-on-year; average accounts receivable collection period was 70.4 days, an increase of 3.7 days year-on-year.